Google Expects IPO To Be Completed Soon
By Chris Richardson
Staff Writer
Article Date: 2004-07-12

Google, the most widely used search engine today, is hoping to complete the final testing phase in order to go forward with its highly anticipated IPO. Google announced its intentions to go public on April 29th. The offering is expected to raise $2.7 billion.

Because Google plans on using the Dutch auction method when offering its stock, the brokerage houses involved with the IPO have had an increased workload in order to accommodate the search company. Google has asked/demanded that banks involved with the IPO be networked together, while also being linked to Google's central order book.

The search engine would like to have systems available for a full-scale test run by July 16. Once these tests are successfully completed, Google would like to proceed with the actual offering, although SEC regulators could impose a further delay.
About the Author:
Chris Richardson is a search engine writer and editor for WebProNews. Visit WebProNews for the latest search news.

Google Expects IPO To Be Completed Soon